Real Estate

More breathing easier with uncertainty gone

OVER the last few weeks, we’ve seen an increase in buyer activity and a swing towards purchasing prior to auction, which has been the case with several properties sold through Day & Hodgson.

This shows that vendors are prepared to sell, while buyers don’t want to risk losing the property at auction.
In some cases, buyers have paid well above what another buyer was prepared to spend, and we’ve seen this happen for both houses and apartments.
At the end of the day, if the property is priced right, and buyers and sellers can find a figure they agree on, going to auction may in fact just delay the whole process, or worse, leave both parties disappointed with the result.
Here at Day & Hodgson, we recently sold a property in a record two weeks, while similar listings with other agents sometimes remain on market a lot longer – often between three and six months.
We’ve managed to secure a buyer for every property we’ve listed so far this year, and that’s something we intend to continue to do if at all possible.
There’s a renewed confidence and optimism that things are on the up for the second half of 2019.
While prices are likely to dip a little further (and who can ever really know?), the market is looking more buoyant than it has for some time.
Most of us can probably breathe a little easier now that the uncertainty surrounding many factors that impact on the market, such as interest rates, negative gearing, foreign investment and lack of political stability, may finally be behind us.